Palantir Technologies Inc. (PLTR) P/E Ratio History
Historical price-to-earnings valuation from 2023 to 2026
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PLTR Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Palantir Technologies Inc. (PLTR) trades at a price-to-earnings ratio of 215.7x, with a stock price of $135.91 and trailing twelve-month earnings per share of $0.89.
The current P/E is 22% below its 5-year average of 275.6x. Over the past five years, PLTR's P/E has ranged from a low of 149.0x to a high of 449.3x, placing the current valuation at the 45th percentile of its historical range.
Compared to the Technology sector median P/E of 26.7x, PLTR trades at a 707% premium to its sector peers. The sector includes 358 companies with P/E ratios ranging from 0.0x to 197.6x.
Relative to the broader market, PLTR commands a significant premium over the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our PLTR DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
PLTR P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $47B | 485.8 | - | -41% | |
| $4B | 12.4 | 0.74 | +7% | |
| $17B | 12.3 | 0.60Best | +21% | |
| $13B | 10.5Lowest | 0.65 | +58%Best | |
| $11B | 22.1 | 1.83 | +20% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
PLTR Historical P/E Data (2023–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | $146.28 | $0.90 | 162.5x | -41% | |
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $177.75 | $0.64 | 276.1x | +0% |
| FY2025 Q3 | $182.42 | $0.43 | 419.4x | +52% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $136.32 | $0.30 | 449.3x | +63% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $84.40 | $0.23 | 368.6x | +34% |
| FY2024 Q4 | $75.63 | $0.19 | 399.7x | +45% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $37.20 | $0.20 | 188.3x | -32% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $25.33 | $0.17 | 149.0x | -46% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $23.01 | $0.13 | 181.5x | -34% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $17.17 | $0.09 | 189.9x | -31% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $16.00 | $0.06 | 246.9x | -10% |
Average P/E for displayed period: 275.6x
Full PLTR Stock Analysis
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Start ComparisonPLTR — Frequently Asked Questions
Quick answers to the most common questions about buying PLTR stock.
Is PLTR stock overvalued or undervalued?
PLTR trades at 215.7x P/E, below its 5-year average of 275.6x. At the 45th percentile of historical range, the stock is priced at a discount to its own history.
How does PLTR's valuation compare to peers?
Palantir Technologies Inc. P/E of 215.7x compares to sector median of 26.7x. The premium reflects expected growth above peers.
What is PLTR's PEG ratio?
PLTR PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2023-2026.